It appears the Antelope Valley real estate market is in flux, as inventories continue to drop. Just 10 days ago I posted that available listings dropped below 1,400 as of today we have dropped below 1,300. That works out to around 300 per month giving us an effective Absorption Rate of 4 months. A normal available inventory is 2,500 at the current 300 per month rate. I’m just not seeing any big numbers coming onto the market in the short term. Furthermore, I believe the current hubbub about the bank 25billion deal has pushed some sellers from listing there homes. However with only 5billion being allocated to loan modification enough to help roughly 1million homeowners, stranding the other 10million or so who need help too.
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale
| Monthend Numbers | |||||||||||||
| Feb | Jan '12 | Dec | Nov | Oct | Sep | Aug | July | June | May | Apr | Mar | Feb | |
| Listed | 561 | 601 | 599 | 732 | 797 | 813 | 679 | 631 | 646 | 620 | 561 | 690 | 443 |
| Pending | 495 | 581 | 522 | 572 | 568 | 585 | 542 | 468 | 502 | 518 | 487 | 504 | 414 |
| Sold | 308 | 416 | 476 | 467 | 557 | 545 | 413 | 369 | 392 | 374 | 384 | 389 | 299 |
| % CHG Month over Month | |||||||||||||
| Listed | -7.1% | 0.3% | -22.2% | -8.9% | -2.0% | 16.5% | 7.1% | -2.4% | 4.0% | 9.5% | -23.0% | 35.8% | |
| Pending | -17.4% | 10.2% | -9.6% | 0.7% | -3.0% | 7.4% | 13.7% | -7.3% | -3.2% | 6.0% | -3.5% | 17.9% | |
| Sold | -35.1% | -14.4% | 1.9% | -19.3% | 2.2% | 24.2% | 10.7% | -6.2% | 4.6% | -2.7% | -1.3% | 23.1% | |
| % CHG Current Month over Same Month Last Year | |||||||||||||
| Listed | 21.0% | 8.5% | 7.3% | 20.9% | 32.1% | 21.0% | -1.9% | -7.0% | -2.0% | -0.6% | -27.6% | -6.1% | -57.3% |
| Pending | 16.4% | 32.5% | 23.0% | 27.3% | 32.7% | 9.4% | 8.3% | -1.5% | -15.3% | 5.4% | -43.3% | -34.3% | -50.5% |
| Sold | 2.9% | 28.6% | 11.3% | 25.5% | 38.8% | 10.8% | 9.0% | -11.7% | -19.6% | -11.5% | 14.8% | -31.6% | -21.1% |
Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas. Homes For Sale
| Month to Date and Projected Opened Escrows* | |||
| Total Active | 1,297 | ||
| Total Active Core Area | 914 | ||
| Total Active REO's | 164 | ||
| Total Short Sale | 354 | ||
| Pending MTD/Projected | 295 | 481 | |
| Sold MTD/Projected | 187 | 305 | |
| Percent Sold Over List Price | 47.06% | ||
| Sold Last Month / % of Difference | 308 | -0.94% | |
| Last Year Month / % of Difference | 389 | -21.57% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 17.94% | ||
| Short Sale % of TTL | 38.73% | ||
| REO+SS % of TTL | 56.67% | ||
| Traditional Sale % of TTL | 43.33% |
Absorption Rate*
Current Month 4.0 Months
At Last Months Rate 5.5 Months
Historical High Active Listing - 5300+ Mid 2007 - Within the last 3 years our Low Active Listing were under 700 in Nov '09
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/. Or Keller Williams Realty AV
Janet O'Brian is a Certified Short Sales Specialist by the National Association of Realtors® (SFR) and is ready to help you with your situation Short sale Help. She can Stop Foreclosures Now!
(Quick Mapping Links for Core Areas)
Palmdale
Lancaster
Ana
Verde
Ritter
Ranch
Quartz
Hill
Leona
Valley
Lake
Hughes
Lake
Elizabeth
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
Keller Williams Realty AV Ranked #1 in the Antelope Valley 661.733.0508 to list your home.
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